This course covers the different applications of regulations designed to solve market failures.
The initial part of the course seeks to identify the key common market failures which are generally addressed through government intervention and which types of government intervention are available (regulations, fiscal intervention, direct provision of services, and establishment of markets).
The second part of the course focuses on the principles for devising, implementing and enforcing regulations. Within this lecture we will learn whether regulations mitigate market failures and/or generates them.
The third part of the course focuses on regulations with the financial markets, as a comprehensive example of a market dominated by regulatory structures and apparent market failures.
The fourth part of the course focuses, at detailed level, on the credit rating agencies market to provide n overview of how the law and economics of regulation work in practice on a market presenting several market failures.
The fifth and final part of the course will focus on the nascent market of artificial intelligent (“AI”), its potential new market failures and the future AI regulations.
The initial part of the course seeks to identify the key common market failures which are generally addressed through government intervention and which types of government intervention are available (regulations, fiscal intervention, direct provision of services, and establishment of markets).
The second part of the course focuses on the principles for devising, implementing and enforcing regulations. Within this lecture we will learn whether regulations mitigate market failures and/or generates them.
The third part of the course focuses on regulations with the financial markets, as a comprehensive example of a market dominated by regulatory structures and apparent market failures.
The fourth part of the course focuses, at detailed level, on the credit rating agencies market to provide n overview of how the law and economics of regulation work in practice on a market presenting several market failures.
The fifth and final part of the course will focus on the nascent market of artificial intelligent (“AI”), its potential new market failures and the future AI regulations.
